Accredited Home Lenders Holding Co., San Diego, has announced plans for a public offering of $50 million of preferred stock by an indirect subsidiary, Accredited Mortgage Loan REIT Trust.The real estate investment trust proposes to offer two million shares of series A perpetual cumulative preferred shares, bearing a liquidation preference of $25 per share. The managers of the offering are Bear, Stearns & Co. and Friedman, Billings, Ramsey & Co. Accredited can be found online at http://www.accredhome.com.
Accredited Sub Plans Stock Offering
August 03, 2004, 2:00 p.m. EDT 1 Min Read
